Millions of Texas Drivers to Benefit from Auto Insurance Rate Cuts

State Farm® Files Fourth Rate Reduction in a Year

Nearlythree millionTexas drivers could see a sizable reduction in auto insurance premiums again this year. State Farm is cutting its Texas auto rates for the fourth consecutive time.Beginning Feb. 18, theoverallpersonal auto rate willdropby4.3percentfor customers of the state’s largest insurer. 2.9 million State Farm auto customers will realize total savings of more than$136 million.

“State Farm is always evaluating how we can best serve our customers.We are very pleased to be able to offer another auto rate decrease in Texas,” said State Farm Senior Vice President Phillip Hawkins.“Improving expenses and losses were important factors, among many, that supported our decision to make this rate change."

Since January 2018, State Farm has lowered auto rates more than 12 percent.

Overallchanges in premiums for individual motorists will vary. Rates depend on a customer’s policy and chosen coverage. Customers can contact their local State Farm agent to discuss their individual situation.Additionalopportunities for discounts may apply.

About State Farm:

The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers ofautoandhomeinsurance in the United States. Its nearly 19,000 agents and approximately 58,000 employees serve approximately 83 million policies and accounts – approximately 81 million auto, fire, life, health and commercial policies and approximately 2 millionbankaccounts.Commercial auto insurance, along with coverage forrenters,business owners,boatsandmotorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2018 Fortune 500 list of largest companies. For more information, please visithttp://www.statefarm.com.